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Jun 19, 2014
06/14
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BBCAMERICA
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but in her comments t big boss, janet yellen reassured investors the u.s. recovery is on track and seemed to be in no rush to raise interest rates. one market expert explained why global markets are on such a role. >> we've seen a cut from 2.9% which the feds set in march to 2.2% for the year. last we're they were talking 3.4% for the united states. we have seen an interpretation that rates aren't going up as quick as people think. the ten year bond yields was down to 2.58 this morning. the market adjusts that down and says no need to worry for the moment. rates are not going to go up. show is back on the road after the terrible winter. there's nowhere else to go. >> follow me on twitter. get me @bbc aaron. that is it. would you use an amazon phone? >> i'm committed to my particular smart phone. >> that's most of us that don't want to change. >>> spain going no further than the group stages. more teams looks to avoid the same fate today. we want to take you outside the stadium. you don't believe me do you? this line up could be out of someone's fantasy foot
but in her comments t big boss, janet yellen reassured investors the u.s. recovery is on track and seemed to be in no rush to raise interest rates. one market expert explained why global markets are on such a role. >> we've seen a cut from 2.9% which the feds set in march to 2.2% for the year. last we're they were talking 3.4% for the united states. we have seen an interpretation that rates aren't going up as quick as people think. the ten year bond yields was down to 2.58 this morning....
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Jun 19, 2014
06/14
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BLOOMBERG
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janet yellen says rates will remain low. >> l'oreal goes on a shopping spree. the ceo tells us that he is just getting started with billions of dollars in deals. >> caution from cable. france must play by the rules in the battle for alstom. good morning, everybody. ."u are watching "the pulse we are here in london. i am guy johnson. >> i am olivia sterns. also coming up on the program, amazon is taking on apple and samsung. >> securing a spot. we are going to speak to the ceo of electrolux about whether we intelligent connected washing machines, dishwashers, etc. we begin with a bloomberg exclusive. l'oreal is scooping up beauty brands around the world. the world's largest makeup company is buying and la-based at cosmetics company. the ceo tells us he sees more acquisitions after this deal. in an extremely rare interview, he sat down with caroline in paris. >> it is a fantastic brand. brand. professional it is the only brand like that. has been a great success in luxury for many years. equivalent in luxury, the brand urban decay. we are planning a huge success
janet yellen says rates will remain low. >> l'oreal goes on a shopping spree. the ceo tells us that he is just getting started with billions of dollars in deals. >> caution from cable. france must play by the rules in the battle for alstom. good morning, everybody. ."u are watching "the pulse we are here in london. i am guy johnson. >> i am olivia sterns. also coming up on the program, amazon is taking on apple and samsung. >> securing a spot. we are going to...
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Jun 19, 2014
06/14
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BLOOMBERG
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janet yellen says rates will remain low. >> l'oreal goes on a shopping spree. the ceo tells us that he is just getting started with billions of dollars in deals. >> caution from cable. france must play by the rules in the battle for alstom. good morning, everybody. ."u are watching "the pulse we are here in london. i am guy johnson. >> i am olivia sterns.
janet yellen says rates will remain low. >> l'oreal goes on a shopping spree. the ceo tells us that he is just getting started with billions of dollars in deals. >> caution from cable. france must play by the rules in the battle for alstom. good morning, everybody. ."u are watching "the pulse we are here in london. i am guy johnson. >> i am olivia sterns.
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Jun 18, 2014
06/14
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CNBC
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daniel, what are you expecting from janet yellen today? >> well, i think what we want to look for is essentially don't scare the horses. i think one thing that's been good about the evolution of monetary policy over the last year is surprises. i think that's really what the market needs, it's what the market likes. it does explain at least part of the relatively low volatility that we've had recently. i think that's the thing we would like to see. no change in tapering. no big change in expectations for interest rate increases. >> and how much is out there about the cpi readings right now, two months on target? >> yeah, well, i think that's the thing that people should have in the back of their minds. given that we had already seen the bank of england race the idea about a sooner increase in rates than expected. there's always a chance that that could happen in the u.s. what it means is we don't need to worry in the longer term about an increase in inflation rates, but the what the fed would have to do to make sure that doesn't happen. >>
daniel, what are you expecting from janet yellen today? >> well, i think what we want to look for is essentially don't scare the horses. i think one thing that's been good about the evolution of monetary policy over the last year is surprises. i think that's really what the market needs, it's what the market likes. it does explain at least part of the relatively low volatility that we've had recently. i think that's the thing we would like to see. no change in tapering. no big change in...
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Jun 17, 2014
06/14
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BLOOMBERG
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the data shows we have some inflation, even as janet yellen metric of risk pools. the bond market is focusing on inflation. >> clearly the markets have looked to inflation for some time. statistically, they have been disappointed time and time again. one of the things that caught my eye is the significance of how the u.k. and the u.s. are so different on the date where numbers came out those on inflation and in housing. they went in two different direction. the boe chief, carney, spoke last week about being hawkish and higher rates earlier. for those reasons, i think the fed might follow the same vernacular. could tomorrow that they see higher rates. by no means is it going to happen because there is too much slack in the labor market. starting to see that with housing where it is that, the markets are preempting selloffs, only to watch it rise as we go into the third quarter. >> to you think there is a rethink in terms of what the fed might say tomorrow with regards to being more hawkish? >> absolutely. what the fed is starting to do is rethinking how they are goi
the data shows we have some inflation, even as janet yellen metric of risk pools. the bond market is focusing on inflation. >> clearly the markets have looked to inflation for some time. statistically, they have been disappointed time and time again. one of the things that caught my eye is the significance of how the u.k. and the u.s. are so different on the date where numbers came out those on inflation and in housing. they went in two different direction. the boe chief, carney, spoke...
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Jun 17, 2014
06/14
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MSNBCW
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we are waiting and watching to see whether we will get a dovish-type statement from janet yellen here. and there's a critical piece of information today that the market will learn about inflation expectations. that will affect the way we trade through the market session. back to you. >> thank you so much. appreciate it. >>> this is sad news we need to report today. an icon of modern baseball being remembered, tony gynn passed away of salivary gland cancer. he battled if for four years and blamed it on chewing tobacco. he spent his entire career with one team, and earned him the nickname mr. padre. after retiring, he became the baseball coach at his alma mater. he was on medical leave since march, but signed a one-year contract extension last week. a video tribute was in seattle, and the teams took part in a moment of silence. he left behind a wife, daughter and son who plays for the phillys. he was only 54 years old. and still ahead on way too early, the americans didn't waste any time getting on the board in the world cup. and fans of father of the bride are gearing up for a possible
we are waiting and watching to see whether we will get a dovish-type statement from janet yellen here. and there's a critical piece of information today that the market will learn about inflation expectations. that will affect the way we trade through the market session. back to you. >> thank you so much. appreciate it. >>> this is sad news we need to report today. an icon of modern baseball being remembered, tony gynn passed away of salivary gland cancer. he battled if for four...
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Jun 17, 2014
06/14
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CNBC
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and along with fed member's economic forecasts and we followed, of course, by janet yellen's press conference at 2:30 p.m. the central bank is widely expected to taper its bond purchases by another $10 billion. the forecasts slower, u.s. growth this year after gdp shrank 1% in the first quarter. but falling unemployment and rising inflation could prompt the fed to project a slightly more rapid rise in interest rates. the fed is reportedly considering exit fees on bond funds to avoid a potential run on the $10 trillion corporate bond market. the fm sometimes says officials are concerned investors could pull their money. even though the asset are a long-term debt. their claims could be less liquid making a fire sale less likely. these would require a rule changes by the s.e.c. let's give you a look at what else is on today's agenda in the united states. as i mentioned earlier, the may cpi is out at 8:30 a.m. eastern. com consumer prices are forecast to rise 0.2% on the month. also at 8:30, we get may housing starts, which are expected to drop by 3.7% to an annual rate of 1.03 million while buil
and along with fed member's economic forecasts and we followed, of course, by janet yellen's press conference at 2:30 p.m. the central bank is widely expected to taper its bond purchases by another $10 billion. the forecasts slower, u.s. growth this year after gdp shrank 1% in the first quarter. but falling unemployment and rising inflation could prompt the fed to project a slightly more rapid rise in interest rates. the fed is reportedly considering exit fees on bond funds to avoid a potential...
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Jun 16, 2014
06/14
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BLOOMBERG
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janet yellen speaks later this week, can we take her word for anything? we have just seen a major central bank to a 180. ofthere are different types forward guidance. i wrote a piece on pimco.com >> shameless plug. >> most central banks have moved away from calendar date guidance to guidance based on the flow of data. this comes down to describing their reaction function. what connie would say is that the data is better than we thought two years ago or a year ago and the hike will be sooner. yellen has positioned herself to calendar from the and towards the flow of macro data. she has given herself some flexibility. if you are too flexible, is there any way to communicate a message, that is the challenge. >> pimco has put out a new neutral ceases, which a lot of people agree with. interestthat rates will not return to normal levels anytime soon. that is accepted, but what is disputed is what the benchmark rate will be. engel has 2%, black bark -- pim andas 2%, blackrock jpmorgan at about 3%. what is the thesis? >> all the central banks and the fed wanted
janet yellen speaks later this week, can we take her word for anything? we have just seen a major central bank to a 180. ofthere are different types forward guidance. i wrote a piece on pimco.com >> shameless plug. >> most central banks have moved away from calendar date guidance to guidance based on the flow of data. this comes down to describing their reaction function. what connie would say is that the data is better than we thought two years ago or a year ago and the hike will...
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Jun 16, 2014
06/14
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CNBC
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the first one is what janet yellen was going to say at the news conference. and the second element is the economic projections that will be released. on balance, where do you think all of this is going to take the markets? >> well, i think it will be fairly constructive. i think fed will indicate and she will indicate they are getting closer to their two big goals. improvement in the labor market and a little bit more inflation. they would like to see a little bit more inflation. the problem is, and i think she'll indicate this, that the jury is still out as we talked about a few minutes ago on whether we really are at that 3% or better glide path on gdp. the jury is still out and the higher energy prices don't help. >> so greg, do you expect the element to effectively endorse current market pricing because we've seen a pull-back as far as rate expectations are concerned and the market is actually pushing out when the fed actually is higher. >> i think the fed is pleased to give more momentum to housing which remains a question mark. so i don't think she'll d
the first one is what janet yellen was going to say at the news conference. and the second element is the economic projections that will be released. on balance, where do you think all of this is going to take the markets? >> well, i think it will be fairly constructive. i think fed will indicate and she will indicate they are getting closer to their two big goals. improvement in the labor market and a little bit more inflation. they would like to see a little bit more inflation. the...
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Jun 12, 2014
06/14
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BLOOMBERG
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then there is the meeting, where i guess the chair janet yellen goes flyfishing? something will come out of it, want it? >> i think so. we will get a better sense of where she stands on a lot of these questions about the labor market. really it all comes out of the labor market. and whether we think the unemployment rate is built a viable-- is still a indicator. >> let's go to tony ponturo here. what do you see in day-to-day meetings? i have a guy like neil dutta looking at reams of data. maybe i care what you think. i really want to know what you see in your client meetings. is there a spirit out there? >> i think there is a spirit to do better, to move forward. >> where is the attitude right now? >> it is one that is very good and very motivating. i think from a marketing standpoint, people are saying it is time to move forward, it is time to do better. >> but tony, are people getting more done with fewer people? meeting as folks leave, they're not replacing them. they are putting more work on the like of you. text, peoplemore are cutting back. it have to be eng
then there is the meeting, where i guess the chair janet yellen goes flyfishing? something will come out of it, want it? >> i think so. we will get a better sense of where she stands on a lot of these questions about the labor market. really it all comes out of the labor market. and whether we think the unemployment rate is built a viable-- is still a indicator. >> let's go to tony ponturo here. what do you see in day-to-day meetings? i have a guy like neil dutta looking at reams of...